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PVH Corp.'s NYSE: PVH stock price has struggled for years, but the bottom is in, and the potential for recovery grows. The fiscal Q4 2026 earnings report reflects the enduring power and quality of its brands, Hilfiger and Calvin Klein, as its return to growth was sustained and accelerated.
PVH Corp. (PVH) remains a hold, as brand execution improves, but growth and tariff headwinds persist. Turnaround efforts show credible progress, with successful product campaigns and stronger brand moments for Calvin Klein and Tommy Hilfiger. Constant currency revenue growth remains weak, and significant tariff impacts are forecasted to weigh on FY2026 earnings.
PVH Corp. (PVH) Q4 2026 Earnings Call Transcript
PVH beats Q4 estimates with rising sales and earnings, driven by Calvin Klein and Tommy Hilfiger strength, while outlining cautious 2026 growth amid tariff pressures.
While the top- and bottom-line numbers for PVH (PVH) give a sense of how the business performed in the quarter ended January 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PVH (PVH) came out with quarterly earnings of $3.82 per share, beating the Zacks Consensus Estimate of $3.3 per share. This compares to earnings of $3.27 per share a year ago.
PVH Corp. rides Calvin Klein and Tommy Hilfiger strength, but tariffs and margin pressure may weigh on Q4 fiscal 2025 results.
PVH Corp. faces margin pressure from tariffs and macro risks, but shares are now attractively valued at ~7x forward earnings. European sales weakness and inflationary risks from the Iran war pose significant headwinds, particularly for PVH's international exposure. Guidance for the upcoming year is likely to be cautious, with a wide EPS range ($9.00–$11.25) reflecting commodity price uncertainty.
G-III Apparel Group remains pressured by PVH license losses, tariffs, and deleveraged SG&A, with Q4 sales down 8% YoY. I maintain a Hold rating as valuation at 12x forward earnings does not sufficiently compensate for execution risk and ongoing headwinds. Owned brands like DKNY and Karl Lagerfeld show scale and growth, but cannot yet offset PVH revenue declines; FY27 guidance implies further challenges.